About Jams and Preserves
The demand for packaged food products has been robustly increased due to the increasingly hectic and busy lifestyles. in addition to this, adoption of distinct flavors will further generate opportunities on jams and preserves. Jams and preserves can be manufactured for vegetables, fruits, and sugar additives and other preservatives which are often packaged in the glass bottles. Moreover, the inclusion of natural and distinct flavors will create numerous opportunities across the globe. However, the availability of fresh food substitutes might hamper business growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.12% |
Competition among existing players is due to the Jams and Preserves market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Jams and Preserves Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that European and United States Vendors will contribute the maximum growth to Global Jams and Preserves market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B&G Foods (United States), Baxter & Sons (Australia), Odenwald-Fruchte GmbH (Germany), Centura Foods Ltd. (United Kingdom), ConAgra Foods Inc. (United States), F Duerr & Sons Ltd (United Kingdom), Ferrero SpA/Alba (Italy), Histon Sweet Spreads Limited (Hartley's) (United Kingdom), Hershey Company (United States) and J.M. Smucker Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kewpie (Japan), Kraft Foods (United States), Murphy Orchards (United States), National Grape Cooperative Association, Inc. (United States), Nestle S.A. (Switzerland), Orkla Group (Norway) and Premier Foods plc (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Jams and Preserves market by Type (Jam, Jelly and Preserve) and Region.
On the basis of geography, the market of Jams and Preserves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredient, the sub-segment i.e. Fruits will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Strawberry will boost the Jams and Preserves market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Organic Preservatives in Jelly's and Jams and Upsurging Demand for Distinct Flavors of Untraditional Fruits and Organic Products
Market Growth Drivers:
Jams and Preserves posses comparatively more Shelf Life than over Food Products and Increasing Demand for Packaged and Ready to Eat Food
Challenges:
Stringent Government Regulations in Manufacturing Packaged Food Products and Increasing Raw Material Cost as well as Distribution Overheads
Restraints:
Availability of Numerous Fresh Food Product Substitutes and Continuously Changing Consumer Preferences leading to Increased Supply Demand Volatility
Opportunities:
Increasing Hectic and Busy Lifestyles favoring Adoption of Ready to Eat Food Products and Adoption of Innovative and Highly Automated Manufacturing Processes
Market Leaders and their expansionary development strategies
In May 2019, a leading jam & preservative manufacturer, 'B&G Foods, Inc.' has acquired a global baking product manufacturer, 'Clabber Girl Corporation'. B&G Foods has expected the acquisition to be immediately accretive to earnings per share and free cash flow and projects that the acquired business has generated approximately 70-75 USD million of net sales on an annualized basis.
In 2020, Jumel Jams launched its sugar-free jams range through online stores. The range included four flavors of stevia sweetener, with gluten-free.
"Fruit preserves (or jams) means preserves or jams as defined in the definitions and standards of identity for preserves, jams (21 CFR 150.160) issued pursuant to the Federal Food, Drug, and Cosmetic Act. The solids content of the finished fruit preserves or jams shall be not less than 65 degrees Brix." In addition to this, labeling and composition of these products are controlled by Jam and Similar Products (England) Regulations 2003.
Key Target Audience
Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Industry Investors/Investment Bankers, Education & Research Institutes, Research Professionals, Emerging Companies and Manufacturers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.